Business Monitor International


Philippines Infrastructure Report

Published 24 February 2014

  • 147 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Infrastructure Report

BMI View: Although the Philippine s construction sector appears to have reached the peak of its growth cycle, we believe this should not be inferred as a negative reflection of the sector's growth potential. The country's construction sector is still expected to be the fastest growing in Asia over the medium-term (after Myanmar) as conditions that are ideal for construction activity persist. Having said that, the lack of significant progress with the government's Private-Public Partnership Programme suggests project execution risks in the country remain considerable and this is a major threat to our long-term outlook for the sector. Additionally, while the devastation stemming from Typhoon Yolanda could result in a positive short-term boost to construction activity, we note its impact on the overall construction environment in the country will likely be negative.

Key Trends And Developments

  • A consortium consisting of Philippines-based construction company, Megawide Construction and India-based infrastructure company GMR Infrastructure submitted the highest bid among six consortiums for the 25-year concession to expand and operate the Mactan-Cebu international airport under a public-private partnership (PPP) framework. If the GMR-Megawide consortium wins the concession for the PHP17.5bn (US$400mn) Mactan-Cebu project, it would be the company's fourth successful bid for a project under the Philippines' PPP Programme. Nevertheless, second highest bidder Filinvest Development Corporation claimed the Megawide-GMR consortium did not follow bidding rules, and it is therefore confident it will win the project instead. The process to determine whether or not the Megawide-GMR consortium did break bidding rules is ongoing.

  • Philippine-based infrastructure company Metro Pacific Investments Corporation (MPIC) is reported to have signed a joint venture (JV) agreement on January 21 2014 with state-owned Philippine National Construction Corporation (PNCC) to...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Philippines Construction And Infrastructure Industry Data, 2012-2017
10
Table: Philippines Construction And Infrastructure Long-Term Forecast, 2018 - 2023
12
Table: Factbox - Reconstruction Assistance on Yolanda (RAY) Plan, 2014 - 2017
18
Transport Infrastructure - Outlook And Overview
23
Table: Competitiveness Of Philippines's Infrastructure
23
Table: Consortiums Interested In The CALA Expressway
26
Table: Major Projects - Transport
35
Energy And Utilities Infrastructure - Outlook And Overview
43
Table: Cross-Island Interconnections
53
Table: Major Projects - Energy and Utilities
58
Residential/Non-Residential Building - Outlook And Overview
70
Table: Philippines Residential and Non-residential Building Industry Data, 2012-2017
70
Table: Philippines Residential and Non-residential Building Long-Term Forecasts, 2018-2023
70
Table: Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
77
Industry Risk Reward Ratings
79
Philippines - Infrastructure Risk/Reward Ratings
79
Rewards
79
Risks
80
Asia Pacific - Infrastructure Risk/Reward Ratings
81
Table: Asia Pacific Infrastructure Risk Reward Ratings
88
Market Overview
89
Competitive Landscape
89
Table: EQS Data
89
Table: Philippines - Projects Under PPP Programme, At Advanced Stage
91
Table: Philippines - Projects Under PPP Programme, At Early Stage
92
Company Profile
98
EEI Corporation
98
First Balfour
102
San Miguel Corporation (SMC)
105
Global Infrastructure Overview
112
Africa In 2014: PPPs Cement Global Appeal
112
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
117
Latin America In 2014: A Prosperous Year For Infrastructure Development
124
MENA In 2014: Reaping Rewards Despite Risks
128
North America And Europe In 2014: Turning A Corner
133
Methodology
140
Industry Forecast Methodology
140
Sector-Specific Methodology
141
Risk/Reward Rating Methodology
145
Sector-Specific Methodology
146
Table: Infrastructure Risk/Reward Rating Indicators
146
Table: Weighting Of Indicators
147

The Philippines Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Philippines Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Philippines to test other views - a key input for successful budgetary and planning in the Philippine infrastructure market.
  • Target business opportunities and risks in the Philippine infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc